Vietnam’s 2014 economic picture forecast brighter
(VOVworld) - Vietnam’s economy is showing sign of recovery with more stable macro-economic indexes, controlled inflation, increased foreign reserve and stabilized exchange rates. The remark was made by delegates at Saturday’s plenary meeting of the National Assembly’s Economic Committee in Hue city. The overall goal of the national economy in 2013 is to stabilize the macro-economy with lower inflation and higher growth than in 2012. 3 strategic breakthroughs will be carried out and coupled with restructuring the economy and shifting the growth model. The GDP growth rate is set at 5.5% and the Consumer Price Index (CPI) at below 8%. To achieve these goals, the Government is making efforts to create market confidence to deal with inventory, bad debts and stagnant property market. Delegates forecast Vietnam’s brighter overall economic picture in 2014 with GDP growth of 5.5% and CPI increase of 7%.